Vebnet (Hldgs) PLC

Change of Adviser

Vebnet Holdings PLC
01 July 2004

                             VEBNET (HOLDINGS) plc

                               Change of Adviser

The Board of Vebnet (Holdings) plc, the Edinburgh-based AIM-traded company which
is the UK's leading provider of flexible benefits technology, announces that the
Company has appointed Seymour Pierce Limted to act as its Nominated Adviser and
Broker with immediate effect.


Enquiries:

Vebnet (Holdings) plc
Gerry O'Neill (CEO)                                              0131-270 5502
Stephen Thurlow (CFO)                                            0131-270 5503

Seymour Pierce Limited                                           020-7107 8000
Jonathan Wright

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166





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